News Breaks |
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| December 31, 2012 |
| 10:34 EDT |  | EAT, PNRA, MCD, CAKE, DPZ, CMG, WEN, DRI, YUM, DNKN | National Restaurant Association’s November RPI rose to 99.9
The National Restaurant Association announced its Restaurant Performance Index, or RPI, rose in November to 99.9. The RPI consists of two components - the Current Situation Index and the Expectations Index - and tracks the health of and outlook for the U.S. restaurant industry. The Current Situation Index stood at 99.8 in November – up 0.6 percent from 99.3 in October. Although restaurant operators reported net positive sales and traffic results in November, softness in the labor and capital spending indicators outweighed the performance, resulting in a Current Situation Index reading below 100 for the fourth time in the last five months. The Expectations Index stood at 100.0 in November – up 0.4 percent from October. Although November was an improvement over October’s reading of 99.7, it still signals that restaurant operators are uncertain about the business environment in the months ahead. |
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News For MCD;YUM;CMG;PNRA;DRI;DPZ;EAT;WEN;CAKE;DNKN From The Last 14 Days Check below for free stories on MCD;YUM;CMG;PNRA;DRI;DPZ;EAT;WEN;CAKE;DNKN the last two weeks. |
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| May 24, 2013 |
| 06:32 EDT |  | WEN | Wendy's upgraded to Buy from Neutral at Janney Capital
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| May 23, 2013 |
| 06:41 EDT |  | CMG | Chipotle coverage assumed with a Neutral at Credit Suisse
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| May 22, 2013 |
| 17:21 EDT | | DPZ | Domino's Pizza to replace Plains Exploration in S&P MidCap 400 as of May 30
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| May 21, 2013 |
| 11:01 EDT | | EAT | Brinker announces deal to acquire 11 Chili's franchise restaurants in Canada
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| May 20, 2013 |
| 10:11 EDT |  | DNKN | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Artisan Partners (APAM) downgraded to Market Perform from Outperform at Keefe Bruyette... Bank of America (BAC) downgraded to Market Perform from Outperform at Keefe Bruyette... Bed Bath & Beyond (BBBY) downgraded to Hold from Buy at Jefferies... BlackRock (BLK) downgraded to Market Perform from Outperform at Keefe Bruyette... Cavium (CAVM) downgraded to Market Perform from Outperform at JMP Securities... Charles Schwab (SCHW) downgraded to Underperform from Market Perform at Keefe Bruyette... Dunkin' Brands (DNKN) downgraded to Neutral from Buy at Longbow... Equifax (EFX) downgraded to Neutral from Buy at Goldman... Leap Wireless (LEAP) downgraded to Sell from Hold at Deutsche Bank... Lowe's (LOW) downgraded to Perform from Outperform at Oppenheimer... MicroStrategy (MSTR) downgraded to Market Perform from Outperform at JMP Securities... NetApp (NTAP) downgraded to Underperform from Neutral at RW Baird... NeuStar (NSR) downgraded to Neutral from Buy at Goldman... Red Hat (RHT) downgraded to Market Perform from Outperform at BMO Capital... Ruby Tuesday (RT) downgraded to Market Perform from Outperform at Wells Fargo... Synovus (SNV) downgraded to Sell from Neutral at Goldman... TD Ameritrade (AMTD) downgraded to Underperform from Market Perform at Keefe Bruyette... Thoratec (THOR) downgraded to Neutral from Buy at Goldman... CF Industries (CF) downgraded to Hold from Buy at Miller Tabak... Children's Place (PLCE) downgraded at Susquehanna... CarMax (KMX) downgraded to Market Perform from Outperform at William Blair... SanDisk (SNDK) downgraded to Neutral from Buy at Nomura... Red Hat (RHT) downgraded at BMO Capital... Rex Energy (REXX) downgraded to Hold from Buy at Stifel... Range Resources (RRC) downgraded to Hold from Buy at Stifel... Kansas City Southern (KSU) downgraded to Sell from Hold at Stifel... Capella Education (CPLA) downgraded to Hold from Buy at Stifel. |
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| 07:42 EDT |  | MCD | Cohasset Associates to host a conference
National Conference on Managing Electronic Records is being held in Chicago on May 20-22. |
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| 07:41 EDT | | EAT | Follow-up: Brinker downgraded to Market Perform at Wells Fargo
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| 06:58 EDT | | EAT | Brinker downgraded to Market Perform from Outperform at Wells Fargo
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| 06:33 EDT | | DNKN | Dunkin' Brands downgraded to Neutral from Buy at Longbow
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| May 17, 2013 |
| 06:15 EDT |  | MCD | McDonald's to reduce its menu, Bloomberg reports
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| May 16, 2013 |
| 16:48 EDT | | YUM | Yum! Brands Taco Bell CEO sees doubling revenue to $14B in 10 years
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| May 15, 2013 |
| 10:13 EDT | | DPZ | On The Fly: Analyst Downgrade Summary
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| 06:35 EDT | | DPZ | Domino's Pizza downgraded to Hold from Buy at Miller Tabak
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| May 13, 2013 |
| 10:12 EDT | | YUM | Yum! Brands falls after reporting 29% China sales decline
Shares of Yum! Brands (YUM) are retreating after the company disclosed that its same store sales had tumbled 29% in China last month, versus the same period in 2012. WHAT'S NEW: The 29% decline in Yum's same-store sales in China, which the company announced on Friday night in an SEC filing, was roughly in-line with the its previous guidance for a decline of about 30%. The outbreak of avian flu in China had a significant negative impact on sales of Yum's KFC restaurants in that country last month, Yum! stated. Historically, the impact of avian flu outbreaks on KFC sales has been "relatively short-lived," Yum! added. ANALYST REACTION: In a note earlier today to investors, Oppenheimer analyst Brian Bittner wrote that Yum's sales in China had probably bottomed last month, as he believes that the avian flu outbreak is unlikely to accelerate. Yum should meet analysts' 2013 consensus estimates, and the company is poised to rebound significantly next year, added the analyst. He kept an Outperform rating on the stock. TODAY'S PRICE ACTION: In early trading, Yum! fell $1.73, or 2.5%, to $68.60. |
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| 10:07 EDT |  | YUM | Yum! Brands July and October volatility low
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| 08:13 EDT |  | YUM | Yum! Brands China comps likely bottomed in Q1, says Oppenheimer
After Yum! Brands reported in-line April China comps of down 29%, Oppenheimer believes that the company's China comps likely bottomed in Q1 as the firm doesn't expect the avian flu outbreak in China to worsen. The firm expects Yum! to meet 2013 expectations, and it thinks the company could rebound significantly next year. The firm reiterates an Outperform rating on the stock. |
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| May 10, 2013 |
| 16:32 EDT | | YUM | Yum! Brands April same-store sales for China division down 29%
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| 11:01 EDT | | PNRA | T. Rowe Price raises passive stake in Panera Bread to 11.4% from 7.4%
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| 09:49 EDT | | YUM | Yum! Brands embarking on media campaign in China, Reuters reports
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| 07:35 EDT | | YUM | Yum! Brands cleared in China after meat safety concern, WSJ says
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